Dennis Sheppard, owner of Dennis Sheppard Realty in Indian Harbour Beach, called the latest decrease in median price "odd," but he said it could indicate something he had been noticing: Higher-priced homes -- those $500,000 and above -- seem to be taking longer to sell
Florida Luxury Homes Stalling
Anecdotally, I was a real estate industry meeting this morning with several people from Lennar. They are currently seeing the same trend in California that the preceding article notes in Florida. High end homes ($1+ million in California) are selling slower, while the cheap homes (under $600k in California) are still selling well.